France will have the worst corn crop of the 21st century

Analysts from the French agency Agritel predict that France this year will be the worst corn harvest could achieve this century, reports Reuters.

As experts expect, the grain harvest of the country amounted to 10,8 million tons due to the severe drought. EU maize production is forecast by analysts at 2022 million tonnes in 23/53,8, the lowest level in 15 years.

At the same time, the prognosis for the wheat production slightly increased in France – to 33,63 million tons compared to 33,44 million tons according to the previous forecast, but below the average of the last 5 years.

Wheat exports from France could reach 2022 million tons in 23/10,2, below the previous forecast (10,9 million tons). At the same time, the experts noted that the wheat supply in July and August is estimated at 2,5 million tons, which accounts for 25% of the export potential in the current season and exceeds it in the same period last year (14%).

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